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The low level of participation in the capital market by small investors, despite the official espousal of their cause, has worried policy makers and regulators for long. While nearly half the population in developed countries has a direct or indirect interest in the capital market, hardly one per cent of the population in India invests in the equity markets, by far the biggest segment of the capital market. Even more striking is the fact that less than three per cent of household savings find their way to the capital market. This shows us that India is still not a developed country.
Which one of the following options best proves that the final conclusion drawn about India’s developmental progress is baseless?